MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

ARIEL INVESTMENTS, LLC's Holding History (CIK: 0000936753)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016
Shares 116,692 Value ($000) $4,930 Avg Close $29.14 Range $23.75 - $33.99
Q3 2016
Shares 245,842 Value ($000) $7,882 Avg Close $22.85 Range $18.72 - $24.89
Q2 2016
Shares 245,842 Value ($000) $6,387 Avg Close $19.90 Range $17.61 - $21.56
Q1 2016
Shares 200,125 Value ($000) $5,005 Avg Close $19.31 Range $16.04 - $23.88
Q4 2015
Shares 157,500 Value ($000) $5,010 Avg Close $25.00 Range $22.61 - $26.92
Q3 2015
Shares 155,665 Value ($000) $4,903 Avg Close $27.26 Range $22.80 - $30.66
Q2 2015
Shares 156,380 Value ($000) $6,066 Avg Close $28.39 Range $26.31 - $30.07
Q1 2015
Shares 159,580 Value ($000) $5,695 Avg Close $26.67 Range $25.09 - $29.04
Q4 2014
Shares 159,380 Value ($000) $6,184 Avg Close $26.37 Range $23.19 - $29.07
Q3 2014
Shares 159,580 Value ($000) $5,517 Avg Close $24.62 Range $23.01 - $26.95
Q2 2014
Shares 158,680 Value ($000) $5,130 Avg Close $22.71 Range $20.81 - $24.20
Q1 2014
Shares 158,680 Value ($000) $4,946 Avg Close $22.70 Range $21.15 - $24.60
Q4 2013
Shares 153,880 Value ($000) $4,826 Avg Close $21.80 Range $19.35 - $23.37
Q3 2013
Shares 188,575 Value ($000) $5,082 Avg Close $19.65 Range $17.42 - $21.61
Q2 2013
Shares 216,625 Value ($000) $5,292 Avg Close $17.33 Range $14.71 - $19.87